International Rectifier Corp., El Segundo, Calif., will build an assembly plant near Swansea, Wales to meet demand for its proprietary motion and power control modules.
Currently the company's shippable backlog for its leading-edge modules stands at about $200 million through 2003, according to Ivo Jurek, vice president, Electronic Motion Systems.
The plant, located on 20 acres in an industrial park near Swansea, Wales, will be designed to generate approximately $300 million of annual revenue at full capacity.
Total investment for plant and equipment over five years will be approximately $40 million, according to the company. The 90,000-square-foot assembly plant is being built by the Welsh Development Office with support from the City and County of Swansea.
The facility will assemble semiconductors and related components into proprietary motion control modules designed to improve product performance and energy efficiency in a range of fast-growing industrial,appliance and automotive applications.
The plant is expected to employ approximately 500 people at
full capacity. Groundbreaking is scheduled for the fourth quarter of 1998, and IR expects to occupy the plant by mid-summer 1999.